A decade or so ago, many people thought cryptocurrencies were a scam. Some also referred to them as a Ponzi scheme, and many people avoided them. However, fast-forward a couple of years down the line, and the number of people investing in crypto coins has grown tenfold.

This has been made possible thanks to technology. Nowadays, we have various open-source technologies leveraging the power of cryptocurrencies. A good example of this is Telegram, the famous messaging app, which integrates with the crypto world.

If you’re curious about dipping your toes into this space, this guide breaks down the key ways to earn crypto on Telegram.

Why Telegram for crypto?

With all the nice things we hear about crypto coins, scams are still rife. Many people have lost their money from crypto scams that promise free coins. Of course, many people will be cautious when they hear about earning crypto on Telegram.

However, there’s nothing to worry about when it comes to earning crypto coins on Telegram. Why? You may ask.

Telegram’s blockchain project is community driven and open source. You can learn about the project, get support, and learn from others. Compared to other blockchain projects present in the crypto ecosystem, Telegram’s is by far the fastest and most efficient.

The ecosystem can be accessed via the messaging app. Telegram bots handle complex tasks like trading and staking within the app.

Popular ways to earn crypto on Telegram

Now, we get into the most exciting part: learning how to earn crypto on Telegram. But before trying out any of the options listed here, ensure you research well.

• Try airdrops and giveaways. Airdrops and giveaways are popular in the crypto world. Projects distribute free coins to early adopters in exchange for marketing services. In other cases, you may be asked to join the project’s Telegram channel or share posts related to the cryptocurrency on social media. You can HODL your free coins or trade them using the available DEX apps or services like Flipper available on Telegram.
• How to earn crypto on Telegram with play-to-earn (P2E) games. This is a new frontier in the gaming and crypto space. Instead of playing games or answering survey questions for free, you can now earn free coins or NFTs on the side. Many play-to-earn games have Telegram channels where they announce new airdrops. You can earn rewards for finishing at the top of the leader board or finishing certain challenges. The crypto coins are sent directly to your Telegram wallet. This is better than earning in-game coins, which aren’t useful in the real world. Tokens earned in P2E games are often tradable on dApps within Telegram’s crypto ecosystem.
• Staking and yield farming bots are a lucrative answer. This is one of the best and most efficient ways to discover how to earn crypto on telegram for free. You can use the de fi bots on telegram to earn rewards via staking. Another option is to loan out your crypto to a dex’s liquidity pool and earn interest on top of your capital.

Wrapping up

There are many positives to hope for with what’s happening in the crypto world. However, be careful in your quest to learn how to earn crypto on Telegram.

Adam Mulligan, a psychology graduate from the University of Hertfordshire, has a keen interest in the fields of mental health, wellness, and lifestyle.